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Is this an ok deal?

skintsaver_2
skintsaver_2 Posts: 555 Forumite
Part of the Furniture 100 Posts Combo Breaker I've been Money Tipped!
in Energy

Hi all,

Screenshot_20260610_085906_Octopus.jpg Screenshot_20260610_085902_Octopus.jpg

My current deal is due to end in Aug.

Would you lock this in for 1 year? I don't really want to change suppliers if I can help it

Any advice appreciated

Screenshot_20260610_085906_Octopus.jpg
:TIf your happy and you know it clap your hands :T

Comments

  • skintsaver_2
    skintsaver_2 Posts: 555 Forumite
    Part of the Furniture 100 Posts Combo Breaker I've been Money Tipped!

    Sorry about the way the photos have been added. I did it on my phone haha

    :TIf your happy and you know it clap your hands :T
  • QrizB
    QrizB Posts: 24,348 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    edited 10 June at 9:43AM

    That fix is cheaper than the average Ofgem cap that will apply from July.

    If you want a fix with Octopus and don't want to move to one of their smart tariffs, the fix you've shared is the only option.

    N. Hampshire, he/him. Octopus Intelligent Go elec / Fuse gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 37 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • skintsaver_2
    skintsaver_2 Posts: 555 Forumite
    Part of the Furniture 100 Posts Combo Breaker I've been Money Tipped!
    edited 10 June at 1:54PM

    Do you think its worth locking it in at this price though?

    I know it's a crystal ball with prices but thinking about Oct/Jan caps? And would you do it now?

    :TIf your happy and you know it clap your hands :T
  • QrizB
    QrizB Posts: 24,348 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper

    > Do you think its worth locking it in at this price though?

    The October cap is currently looking to be more expensive than July. That will make this fix seem an even better bargain compared to the SVT.

    > And would you do it now?

    If I had a normal home, I'd definitely consider it.

    My home isn't normal and I wouldn't suggest that I'm an example for anyone to follow!

    N. Hampshire, he/him. Octopus Intelligent Go elec / Fuse gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 37 MWh generated, long-term average 2.6 Os.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
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